Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 910.1 Million | USD 1,857.82 Million | 9.33% | 2022 |
The global hydrogel dressing market size was worth around USD 910.1 Million in 2022 and is predicted to grow to around USD 1,857.82 Million by 2030 with a compound annual growth rate (CAGR) of roughly 9.33% between 2023 and 2030.
The report analyzes the global hydrogel dressing market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the hydrogel dressing industry.
Hydrogel dressings are semi-occlusive and composed of insoluble hydrophilic polymers with 90 percent of water. During the inflammatory and debridement phases of wound healing, hydrogel dressings are considered to be best indicated for use on clean wounds. They are used to aid in autolytic debridement, rehydrate eschar, and hydrate wounds. When a fluid donation is important, hydrogel dressing is crucial in any wound care treatment.
The global hydrogel dressing market is growing at a speedy rate. Factors such as the growing prevalence of diabetic foot ulcers, increase in burn injuries & accidental cases, and rise in adoption of hydrogel dressing for wound care are propelling the growth of the global market. A moist environment is provided by the hydrogels to absorb some exudate and for cell migration. It has a soothing and cooling effect on the skin which is very essential in painful wounds and burns. Hydrogel dressing is extensively used on sloughy & dry wounds with nil to low exudate.
Pressure ulcers, cavity wounds, leg ulcers, graft & donor sites, post-operative surgical wounds, and lacerations & abrasions are some of the conditions that are healed by hydrogel dressing. In addition to this, they are also used for the management of shingles and chickenpox. Owing to all these beneficial features of hydrogel dressing, they are widely adopted for wound care.
This is fueling the growth of the global hydrogel dressing market. In addition to this, growing investment in R&D activities and growing healthcare infrastructure are the factors that are fostering the growth of the global market. Moreover, factors such as the rise in the number of local manufacturers and the rise in healthcare expenditure are also augmenting the growth of the market.
Furthermore, technological advancements for the development of advanced hydrogel dressings will generate ample opportunities for the growth of the global hydrogel dressing market during the forecast period. However, the poor mechanical stability of hydrogel dressings in a swollen state may affect the adoption rate of the hydrogel dressing thereby hampering the growth of the global hydrogel dressing market.
Amid COVID-19 pandemic conditions, the demand for hydrogel dressing is expected to remain stable. However, the growing emphasis on COVID-19-related therapeutics has affected the sale of hydrogel dressing to some extent. Besides, many governments' strict lockdowns have resulted in restrictions on transportation and manufacturing activity, which slowed down the market growth in 2020. However, with the slowdown in the COVID-19 infection rate and lockdown, the global hydrogel dressing market is expected to bounce back and register healthy growth over the forecast period.
Report Attributes | Report Details |
---|---|
Report Name | Hydrogel Dressing Market Research Report |
Market Size in 2022 | USD 910.1 Million |
Market Forecast in 2030 | USD 1,857.82 Million |
Growth Rate | CAGR of 9.33% |
Number of Pages | 255 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | Coloplast Group, Hollister Incorporated, Celularity, Inc., Smith & Nephew plc., Cardinal Health, B. Braun Melsungen AG, ConvaTec, Inc., Molnlycke Health Care AB, 3M Company, and Integra Lifesciences (Derma sciences), among others. |
Segments Covered | By Product, By Application, By End-User, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global hydrogel dressing market is segregated based on product, application, and end-user. Based on the product, the global hydrogel dressing market is classified into impregnated hydrogel, amorphous hydrogel, and sheet hydrogel. The application segment is bifurcated into chronic wounds and acute wounds. The end-user segment is divided into clinics, ambulatory care centers, and hospitals.
Among the regions, North America is estimated to dominate the global hydrogel dressing market and contribute to the maximum share during the forecast period. Factors that are responsible for the growth in this region include the presence of well-established healthcare infrastructure, the growing prevalence of diabetes leading to diabetic foot ulcers, and the rise in cases of burns and traumatic & surgical wounds. Asia Pacific is anticipated to grow at the highest CAGR and offer numerous opportunities for the growth of the market during the forecast period. This is attributed to the growing adoption of hydrogel dressing for wound care, increase in healthcare expenditures, and growing focus on the development of healthcare infrastructure.
Some of the major players that are operating in the global hydrogel dressing market
What Reports Provide
FrequentlyAsked Questions
Factors such as the growing prevalence of diabetic foot ulcers, increase in burn injuries & accidental cases, and rise in adoption of hydrogel dressing for wound care are propelling the growth of the global market. Furthermore, technological advancements for the development of advanced hydrogel dressings will generate ample opportunities for the growth of the global hydrogel dressing market during the forecast period.
Coloplast Group, Hollister Incorporated, Celularity, Inc., Smith & Nephew plc., Cardinal Health, B. Braun Melsungen AG, ConvaTec, Inc., Molnlycke Health Care AB, 3M Company, and Integra Lifesciences (Derma sciences) are some of the major players that are operating in the global hydrogel dressing market.
Among the regions, North America is estimated to dominate the global hydrogel dressing market and contribute to the maximum share during the forecast period. Factors that are responsible for the growth in this region include the presence of well-established healthcare infrastructure, growing prevalence of diabetes leading to a diabetic foot ulcer, and rise in cases of burns and traumatic & surgical wounds.
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